Lunu, a German-based technology company for retail, has partnered with Ripple, a blockchain and cryptocurrency solutions provider, to allow luxury retailers to accept cryptocurrency as payment both in-store and online via Ripple’s Liquidity Hub, according to a press release.
Lunu will enable payment via its point-of-sale terminal and online widget, while Ripple’s Liquidity Hub will give users access to crypto assets, according to the release.
“Crypto liquidity is the common thread that underpins all of Ripple’s solutions, from payments to lending and credit,” Sendi Young, managing director, Europe, Ripple, said in the release. “Our ambition is to build a suite of enterprise-oriented crypto products for the benefit of our clients and their customers. This is why we are so excited by this fantastic new use case for Liquidity Hub which will enable Lunu’s luxury retail clients to accept crypto payments at the point of sale.”